Orlando Magic CEO Bob Vander Weide Retires

ORLANDO, FL - OCTOBER 29: CEO Bob Vander Weide of the Orlando Magic greets former players and coaches during a stoppage in play while taking on the Atlanta Hawks at Amway Arena on October 29, 2008 in Orlando, Florida. The Hawks defeated the Magic 99-85. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Doug Benc/Getty Images)

(Photo by Doug Benc/Getty Images)

With rumors swirling about Dwight Howard’s future up in the air, the Orlando Magic are facing more tumultuous news today as CEO Bob Vander Weide has stepped down.

Alex Martins has been promoted from team president to CEO.

Vander Weide has been the Orlando Magic President/CEO since 1994. He has been with the Magic since 1992 when he was the Vice President of Basketball Operations.

The reason for Vander Weide’s departure is unknown at the time, but it’s hard not to imagine that it may be linked to the trade rumors over All-Star Dwight Howard.